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AB Builders, Inc. has 10-year bonds outstanding with a face value of $1,000 and a market price of $840. The bonds pay interest annually and
AB Builders, Inc. has 10-year bonds outstanding with a face value of $1,000 and a market price of $840. The bonds pay interest annually and have a yield to maturity of 5.17 percent. What is the coupon rate?
Please give the exact number.
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